Friday, September 3, 2010

USA: January”s season “discounts” was short-lived

Sunday, February 21, 2010, 0:14
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Monday, 25 January, the U.S. stock market finished the trading session in a slight increase, despite the fact that data on housing sales in the secondary market have been more than disappointing. Recall that the number of homes sold in December on the secondary market decreased compared to November more than a million units and reached 5.45 million, ie by 7,6% worse than average prognosis. On1000e of the key news of the day was the information on the likely approval of Mr. Bernanke, a new term at the helm of the Fed.

Following the session, the indicator of blue chips Dow Jones Industrial Average rose by 23.88 points, or 0.23% to a level of 10,196.86 points, the index is a broad market Standard Poor “s 500 rose 5.02 points, or 0.46% to a mark 1,096.78 points and the index of high-technology Nasdaq Composite has left in plus on 5,51 points, or 0.25% to 2,210.80 points mark.

On the commodity markets dominated by a positive, as fears of China had to settle after several successive sales. The March crude oil futures on the NYMEX rose 1% to a level of $ 75,26 per barrel, while the February futures on the COMEX gold prices increased by 0,6% to a mark of 1,095.70 per troy ounce. Industrial metals also shown positive dynamics. However, commodity index of blue chips, while including Chevron, Exxon Mobil and Alcoa, closed the session in a small minus.

At the same time shares steelmaker AK Steel Holding jumped 5.4% after the publication of quarterly reports and projections for growth in steel prices.

In the financial sector has been a countervailing dynamics. On the one hand, shares of Wells Fargo went up by 1,5%, while Bank of America - by 0,5%, on the other hand, Citigroup lost 0.6%, and American Express - More than 2%.

After the appearance of data on the secondary market experienced a natural “sink” shares the housing sector. Papers of Toll Brothers fell 0,7%, KB Home - by 0,5%.

In anticipation of reporting Apple, which came after the close, the bidders preferred to stock up shares of giant high-tech sector in the hope of their growth after the fall at the end of last week. Hopes dashed - Apple shares gained strength at 2,7%, Intel - on 2,1%, Microsoft - by 1,2%.

Good morning! Information Group Finam.ru and Investment Company “Finam” Welcome to my site and wish you a good day!
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Forex - results of the day
Ukrainian stock market opened the week a slight increase, following the dynamics of the world sites
Forecasts of analysts: Russia market will open lower today may keep an interest in securities of banks and Energy
Shares Russia”s banking sector, not bad on the eve of bargaining may once again change the trend of rising after the morning Drawdown

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